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David Campbell Of Marcus & Millichap Capital Corporation Arranges $3.83M Loan For Multifamily Acquisition In Santa Clara

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FINANCED
$3,825,000

California

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MultiFamily
Financed 02/20/2025
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Property Image
FINANCED

David Campbell Of Marcus & Millichap Capital Corporation Arranges $3.83M Loan For Multifamily Acquisition In Santa Clara

1577 Pomeroy Avenue

See Similar Deals
MultiFamily
Financed 02/20/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves a 20-unit multifamily property located at 1577 Pomeroy Avenue in Santa Clara, with an acquisition loan amounting to $3,825,000. The asset is situated in a market known for its diverse residential offerings.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,825,000
  • Loan Type: Acquisition
  • Loan Terms: 30-year, 30-years amortization
  • Broker: David Campbell - Marcus & Millichap Capital Corporation
  • Market: Santa Clara
  • Units: 20

David Campbell from Marcus & Millichap Capital Corporation's Palo Alto office facilitated this financing arrangement on behalf of a private client, securing the loan from a western-based bank.

Players

David Campbell
Marcus & Millichap
David Campbell
4 deals$25.5M volume(650) 391-1798
BROKER

Details

FINANCED
IMAGE: David Campbell DATE: 02/20/2025 ADDRESS: 1577 Pomeroy Avenue MARKET: Santa Clara ASSET TYPE: Multifamily ~ UNITS: 20 BROKER: David Campbell - Marcus & Millichap Capital Corporation (@MMCapCorp) (@MarcusMillichapInc) LOAN AMOUNT: $3,825,000 LOAN TYPE: Acquisition LOAN TERMS: 30-year, 30-years amortization NOTE: Marcus & Millichap Capital Corporation arranged $3.83 million in financing for the acquisition of a 20-unit multifamily property at 1577 Pomeroy Avenue in Santa Clara. David Campbell of MMCC’s Palo Alto office secured the loan from a western-based bank on behalf of a private client.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,825,000.00

Monthly NOI$25,500.00
Monthly Debt Service$24,176.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00